The Vibhor Steel Tubes IPO will be available from February 13 to February 15, 2024, inclusive. Vibhor Steel Tubes Ltd.’s shares have a face value of ₹10 each, and the price range for the book building initial public offering (IPO) is ₹141 to ₹151 a share.
Vibhor Steel Tubes IPO GMP
As of February 8, 2024, at 07:58 AM, the GMP for the Vibhor Steel Tubes Limited IPO is ₹120. The pricing range for Vibhor Steel Tubes Limited’s IPO is ₹141 to ₹151 per share.
The subscription period for Vibhor Steel Tubes IPO will begin on Tuesday, February 13, and end on Thursday, February 15. There are 99 shares in the Vibhor Steel Tubes IPO lot size. Bids can be placed for multiples of 99 shares, with a minimum bid of 99.
The face value of ₹10 is multiplied by 14.10 times the floor price, and by 15.10 times the cap price.
Vibhor Steel Tubes IPO Dates
On February 13, 2024, Vibhor Steel Tubes will go public, and on February 15, 2024, it will close. The IPO listing for Vibhor Steel Tubes is scheduled for February 20, 2024, with the finalization of the allocation taking place on February 16, 2024.
Vibhor Steel Tubes IPO Price Band
The IPO pricing range for Vibhor Steel Tubes is ₹141 to ₹151 per share. The ₹72.17 crore Vibhor Steel Tubes Limited initial public offering (IPO) is entirely innovative and does not include an offer to sell. Since its founding in 2003, Vibhor Steel Tubes Limited has produced, exported, and supplied steel pipes and tubes to the heavy engineering sectors in India.
They provide primer coated pipes, crash barriers, follow section pipes, hot-dipped galvanized pipes, and ERW pipes. In addition to a warehouse in Hisar, Haryana, the firm has two production facilities in Mahabubnagar (Dist.) and Raigad, Maharashtra. The firm employed 640 people permanently as of January 24, 2024.
Vibhor Steel Tubes IPO Reservation
Vijay Kaushik, M/s. Vijay Kaushik HUF, Vibhor Kaushik, and Vijay Laxmi Kaushik all promoted the business. Currently, the promoters own a total of 1,32,46,500 equity shares, or 93.40% of the issued, subscribed, and paid-up equity share capital of the firm prior to its issuance.
According to the conditions of the offer, regular investors will get at least 35% of the net offer size, with up to 50% of the offer reserved for qualified institutional buyers (QIBs). 15% more is set aside for HNI and NII investors.
What are the Objective of Vibhor Steel Tubes IPO?
In many industries, including construction, railroads, oil and gas, and agriculture, steel is essential. India is a well-known player in the global steel pipe market.
The business is hopeful that the medium-term growth rate of steel pipes and tubes would likely continue due to growing demand from important end-user sectors, such as infrastructure, real estate, oil and gas, etc. The following is a list of the offer’s goals:
- financing of the needs for operating capital.
- general objectives of the company.
Vibhor Steel Tubes IPO Lot Size
The minimum number of shares that an investor must submit with their IPO application is known as the lot size. Since it is a mainboard issue, the lot size only applies to the IPO.
Once it is listed, it can even be traded in multiples of one share. The minimum lot size and its multiples are the sole investment options available to IPO participants. With an upper band indicative value of ₹14,949, the minimum lot size in the instance of Vibhor Steel Tubes Ltd. is 99 shares.
Vibhor Steel Tubes IPO “Apply or Not”?
Keep in mind that there are dangers associated with investing in an IPO, so before you decide, you should carefully evaluate your financial objectives and risk tolerance. Speak with a brokerage company or financial advisor if you require individualized guidance.
It’s wise to apply if Vibhor Steel Tubes has a strong reputation, but the decision to participate in this initial public offering is all yours.
You can use the ASBA (Application Supported by Blocked Amount) feature of your bank account to apply for the Vibhor Steel Tubes IPO. To apply, just sign into your online bank account and choose the Invest area, then Vibhor Steel Tubes IPO. As an alternative, you can manually apply by downloading IPO forms from the NSE and BSE.
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